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Sarda Proteins reports standalone nil net profit/loss in the September 2016 quarter
Nov 07,2016

Sarda Proteins reported no net profit/loss in the quarter ended September 2016 as against net loss of Rs 0.07 crore during the previous quarter ended September 2015. Sales rose 323.53% to Rs 1.44 crore in the quarter ended September 2016 as against Rs 0.34 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.440.34 324 OPM %0-23.53 - PBDT0-0.08 100 PBT0-0.08 100 NP0-0.07 100

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Beryl Drugs standalone net profit declines 37.50% in the September 2016 quarter
Nov 07,2016

Net profit of Beryl Drugs declined 37.50% to Rs 0.10 crore in the quarter ended September 2016 as against Rs 0.16 crore during the previous quarter ended September 2015. Sales declined 25.93% to Rs 3.00 crore in the quarter ended September 2016 as against Rs 4.05 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.004.05 -26 OPM %9.009.38 - PBDT0.220.33 -33 PBT0.120.20 -40 NP0.100.16 -38

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Lyka Labs standalone net profit declines 80.25% in the September 2016 quarter
Nov 07,2016

Net profit of Lyka Labs declined 80.25% to Rs 0.63 crore in the quarter ended September 2016 as against Rs 3.19 crore during the previous quarter ended September 2015. Sales rose 3.94% to Rs 20.29 crore in the quarter ended September 2016 as against Rs 19.52 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales20.2919.52 4 OPM %25.2813.27 - PBDT1.564.32 -64 PBT0.633.44 -82 NP0.633.19 -80

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Sterling Tools standalone net profit rises 9.83% in the September 2016 quarter
Nov 07,2016

Net profit of Sterling Tools rose 9.83% to Rs 9.05 crore in the quarter ended September 2016 as against Rs 8.24 crore during the previous quarter ended September 2015. Sales rose 0.26% to Rs 95.34 crore in the quarter ended September 2016 as against Rs 95.09 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales95.3495.09 0 OPM %20.1917.91 - PBDT18.1515.76 15 PBT14.5012.34 18 NP9.058.24 10

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Board of Voltas to consider Q2 results
Nov 07,2016

Voltas announced that a Meeting of the Board of Directors of the Company will be held on 16 November 2016, to consider and approve the Unaudited Financial Results (Stand-alone and Consolidated) for the quarter/six months ended 30 September 2016 (Q2).

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Board of Asian Oilfield Services appoints director
Nov 07,2016

Asian Oilfield Services announced that the Board of Directors, through resolution by Circulation passed on 03 November 2016, have appointed Anusha Mehta as an Additional Independent Director of the Company with effect from 03 November 2016 for a term of 5 consecutive years, subject to the approval of shareholders of the Company.

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Board of Dalmia Bharat approves scheme of arrangement and amalgamation
Nov 07,2016

Dalmia Bharat announced that the Board of Directors of Dalmia Bharat (DBL) at its meeting held on 05 November 2016, has considered and approved, on recommendation of the Audit Committee of DBL, a scheme of arrangement and amalgamation amongst Odisha Cement (ODCL), DBL and Dalmia Cement (Bharat) (DCBLn++) and their respective shareholders and creditors in terms of Sections 391-394 read with Sections 100 to 103 of the Companies Act, 1956 and Section 52 of the Companies Act, 2013 and other applicable provisions, if any, of the Companies Act, 1956 or the corresponding provisions of the Companies Act, 2013 (Scheme).

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Board of OCL India approves draft scheme of arrangment and amalgamation
Nov 07,2016

OCL India announced that the Board of Directors of OCL India, (OCL) at its meeting held on 05 November 2016 has considered and approved, on recommendation of the Audit Committee of OCL, a draft scheme of arrangement and amalgamation amongst Odisha Cement (ODCL), Dalmia Bharat (DBL) and Dalmia Cement (Bharat) (DCBL) and their respective shareholders and creditors in terms of Sections 391-394 read with Sections 100 to 103 of the Companies Act, 1956 and Section 52 of the Companies Act, 2013 and other applicable provisions, if any, of the Companies Act, 1956 or the corresponding provisions of the Companies Act, 2013 (Scheme).

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Board of Minolta Finance to consider Q2 results
Nov 07,2016

Minolta Finance announced that the meeting of the Board of Directors of the Company will be held on 14 November 2016, to consider Un-Audited Financial Results (Provisional) for the 2nd quarter / three months ended on 30 September 2016 (Q-II) for the financial year ended on 31 March 2017.

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20 Microns intimates of sale of shares by promoter
Nov 07,2016

20 Microns announced that promoter Rameshbhai Baldevbhai Patel has sold 39117 equity shares.

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Fiberweb (India) bags export orders worth Rs 21.7 crore
Nov 07,2016

Fiberweb (India) has received further export orders worth Rs 21.7 crore (USD 3.24 million) from USA, for agricultural, hygiene and laminated products. The total order book of export orders has reached to Rs 100 crore.

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Central Bank of India declines after reverse turnaround in Q2
Nov 07,2016

The result was announced after market hours on Friday, 4 November 2016.

Meanwhile, the S&P BSE Sensex was up 213.42 points or 0.78% at 27,487.57.

On BSE, so far 35,000 shares were traded in the counter as against average daily volumes of 2.45 lakh shares in the past one quarter. The stock hit a high of Rs 88.45 and a low of Rs 86.05 so far during the day. The stock had hit a 52-week low of Rs 48.20 on 17 February 2016. The stock had hit a 52-week high of Rs 112 on 20 June 2016. The stock had underperformed the market over the past one month till 4 November 2016, sliding 6.55% compared with 3.74% fall in the Sensex. The scrip had also underperformed the market in past one quarter, declining 8.76% as against Sensexs 1.59% fall.

The large-cap bank has equity capital of Rs 1885.03 crore. Face value per share is Rs 10.

Central Bank of Indias total income decreased 2% to Rs 6965.45 crore in Q2 September 2016 over Q2 September 2015.

The banks provisions and contingencies jumped 157.4% to Rs 1661.21 crore in Q2 September 2016 over Q2 September 2015.

The banks gross non-performing assets (NPAs) stood at Rs 25717.95 crore as on 30 September 2016 compared with Rs 25107.47 crore as on 30 June 2016 and Rs 13358.15 crore as on 30 September 2015. The ratio of gross NPAs to gross advances stood at 13.7% as on 30 September 2016 as against 13.52% as on 30 June 2016 and 6.86% as on 30 September 2015. The ratio of net NPAs to net advances stood at 8.17% as on 30 September 2016 compared with 8.17% as on 30 June 2016 and 3.83% as on 30 September 2015.

The Government of India holds 82.02% stake in Central Bank of India (as per the shareholding pattern as on 30 September 2016).

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Precious metals end on a mixed note
Nov 07,2016

Bullion prices finished on a mixed mode on Friday, 4 November 2016 at Comex. Gold futures settled with a modest gain on Friday to tally a more than 2% climb for the week, as uncertainty surrounding the U.K.s exit from the European Union and the coming U.S. election raised the metals attractiveness as a haven. U.S. data showed a sizable October gain in new jobs, further lifting the prospects for a Federal Reserve interest-rate increase in Decembern++a prospect thats weighed on gold in the past.

Gold for December delivery rose $1.20, or less than 0.1%, to settle at $1,304.50 an ounce. Prices saw weekly gain of 2.2%, which marked the metals fourth-consecutive weekly gain.

December silver reversed from earlier gains to lost 4.5 cents, or 0.2%, to end at $18.371 an ounce, paring its weekly rise to roughly 3.2%.

Latest job report from Labor Department showed that the U.S. added 161,000 new jobs in October, and the unemployment rate fell to 4.9% from 5%, though remained near an eight-year low. Hourly pay, meanwhile, has climbed by 2.8% over the past year, the fastest 12-month rise since June 2009.

On Thursday, the U.K.s High Court said the government cant trigger the Brexit process without approval from parliament. That added more market uncertainty to the mix, which boosts golds investment appeal.

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KPIT Technologies gains after divesting its Berlin-based subsidiary to ANSYS
Nov 07,2016

The announcement was made on Sunday, 6 November 2016.

Meanwhile, the S&P BSE Sensex was up 218.89 points or 0.8% at 27,493.04.

On BSE, so far 9,477 shares were traded in the counter as against average daily volume of 1.28 lakh shares in the past one quarter. The stock hit a high of Rs 134.50 and a low of Rs 133 so far during the day. The stock had hit 52-week high of Rs 196.60 on 21 June 2016. The stock had hit 52-week low of Rs 108.45 on 12 February 2016. The stock had outperformed the market over the past one month till 4 November 2016, rising 1.23% compared with the Sensexs 3.74% fall. The scrip had also outperformed the market in past one quarter, gaining 3.01% as against the Sensexs 1.59% decline.

The mid-cap company has equity capital of Rs 39.50 crore. Face value per share is Rs 2.

KPIT medini Technologies AG has been focusing on functional safety products with a product brand known as Medini. Medini is a functional safety product which has applications beyond KPITs focused industries and as a software product needs a wider and different distribution network to reach out to other industries beyond KPITs focused areas.

KPIT is expanding its portfolio as a provider of services and platforms to automotive industry for product engineering areas such as powertrain, AUTOSAR, diagnostics, infotainment, etc. While KPIT will continue to provide services around the Medini tools, it would like to deepen its domain expertise by continuing to make further strategic investments in its focus areas for which the proceeds from this sale will be used, KPIT added.

KPIT Technologies consolidated net profit rose 2.05% to Rs 56.18 crore on 3.3% rise in net sales to Rs 829.47 crore in Q2 September 2016 over Q1 June 2016.

KPIT Technologies is focused on providing outsourcing services using product engineering and IT for automotive and transportation, manufacturing and energy and utilities verticals.

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Cyient plans to acquire a geospatial services provider - Blom Aerofilms
Nov 07,2016

Cyient announced that Cyient Europe, UK, a wholly owned subsidiary of the Company has signed a definitive agreement to acquire 100% equity in Blom Aerofilms, Cheddar, Somerset, England, a leading geospatial services provider, in an all-cash transaction.

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